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Market Closed -
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5-day change | 1st Jan Change | ||
| 885 EUR | +1.14% |
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+2.55% | +6.63% |
| Apr. 19 | Robertet SA Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Apr. 12 | Robertet: 2% decline in net income in 2023 | CF |
PARIS (Reuters) - Swiss perfumes company Firmenich has agreed to buy a 17% equity stake in French peer Robertet and added on Thursday it may later acquire a bigger, controlling stake in the firm.
Firmenich, which says it is the world's largest privately-owned perfume and taste company, said in an email it had reached a deal with First Eagle Investment Management to buy the 17% stake at a price of 683.30 euros per share.
The price represents a premium of 1.2% to Robertet's closing price of 675 euros on Sept. 25. Robertet has a market capitalisation of about 1.6 billion euros 1.6 billion euros (£1.42 billion).
(Reporting by Sudip Kar-Gupta; Editing by Clarence Fernandez)
| 1st Jan change | Capi. | |
|---|---|---|
| +6.63% | 1.95B | |
| +11.31% | 62.8B | |
| -5.19% | 45.4B | |
| +15.01% | 40.32B | |
| +18.19% | 25.83B | |
| +5.07% | 18.21B | |
| +0.04% | 17.41B | |
| +4.48% | 15.64B | |
| -17.27% | 15.51B | |
| -20.22% | 13.42B |
ROBERTET 
